Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$235,267$235,267$251,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$29,783$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%4.663%7.560%
1st payment$1,103.46$1,103.46$1,724.88
2nd payment$0.00$294.73$0.00
Taxes / mo$345.25$345.25$345.25
Insurance / mo$150.00$150.00$150.00
MI / mo$187.79$187.79$50.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,786.50$2,081.23$2,270.35
Cash to close$43,733$13,950$27,900